Well done Erik! One question: you had such a great write up on Las Vegas Sands and it looks really cheap today as it has derated along with the rest of China. And yet, the business looks strong. No love for LVS in the portfolio?
I had not. Thank you. I just went over the presentation. I didn't realise Spain was a trend. I hardly ever go there. But you are right. Aena is seeing 4% growth in their volumes.
I feel like the numbers look pretty good and if we any relief on fuel prices that would be a catalyst back to the highs at least. And nice dividend while you wait.
Well done Erik! One question: you had such a great write up on Las Vegas Sands and it looks really cheap today as it has derated along with the rest of China. And yet, the business looks strong. No love for LVS in the portfolio?
Yes. I still own it. Q2 was a bit crappy. That and it being China related has really killed it. Maybe I should do an update.
Yes please - interested to hear updated thoughts on LVS
Would appreciate an update. They continue to buy back a massive amount of shares. It seems like a perfect YWR contrarian play today. Thank you!
Hi Erik, Vinci are you out of the stock ? Thank you
I still like it though and think of it every time I fly in and out of Gatwick. Biggest airport owner which nobody realises.
Have you ever looked at Aena in Spain? Feels like everyone I talk to is traveling around Spain these days!
I had not. Thank you. I just went over the presentation. I didn't realise Spain was a trend. I hardly ever go there. But you are right. Aena is seeing 4% growth in their volumes.
I feel like the numbers look pretty good and if we any relief on fuel prices that would be a catalyst back to the highs at least. And nice dividend while you wait.
Yes. It was one of the ones I had to sell. I had to sell the ones with the least capital gains.
Makes total sense, yet from all the positions sold, Vinci is the hard one to let go in my humble opinion :) thank you
Yes. It was much harder to let go of than Mercedes Benz.